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The main floor, once home to The Tavern, a cherished local landmark, is primed for a new business venture, featuring a full bar, some kitchen equipment, and restaurant furniture, making it ideal for a restaurant, pub, caf, or retail space. The layout allows for division into three separate units. The demolition on the two upper floors, formerly a hotel, has begun as seen in photos, presenting a blank canvas for residential apartments, boutique hotel rooms, or short-term rental suites, offering huge revenue potential. With newer boiler, a 600-amp electrical service, and plenty of parking, this property is a rare investment opportunity to restore and repurpose this landmark in a fast-growing community. 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Description
A rare opportunity for investors or entrepreneurs alike to acquire a truly unique property offering flexible Commercial Residential (CR2) zoning. Featuring a 25 ft x 110 ft lot, this property has endless of possibilities to renovate, rebuild, or repurpose. The current structure is a 2-storey residence with 3 bedrooms and 1 bathroom, and is full of original vintage character including the stone fireplace, arched doorways, and hidden hardwood flooring underneath some carpeting. Recent maintenance include a newer roof and furnace oil tank (replaced in 2024). Unlock the potential of this hidden treasure!
Details
MLS® Number
W12197069
W12197069
Property Size
1108 Sqft
1108 Sqft
Additional details
- Utilities: Yes
- Cooling: Yes
- County: Toronto
- Property Type: Commercial Sale
Address
- Address 18 Scarlett Road
- City Toronto
- State/county ON
- Zip/Postal Code M6N 4K1
- Country CA